Funding Report for December 2025

Volume spreads across platforms as year-end funding remains above €300m

December’s €312 million in online funding confirms that volumes above €300 million are now sustainable, but the composition of that volume shifted materially from November. Unlike the prior month, where a single platform dominated flows, December’s funding was distributed across a broader set of platforms, producing lower headline growth but a more representative picture of market activity.

Month-over-month volumes declined 2 percent, while year-over-year funding increased 4 percent. These figures reflect normalization rather than contraction. The absence of November’s CG24-driven spike reduced aggregate real estate volumes, but capital did not exit the market. Instead, it was allocated more evenly across multiple platforms and segments.

Real estate debt fell sharply at the category level, down 37 percent, yet several real estate platforms posted solid individual growth. SME and small business lending continued its gradual expansion, while consumer debt strengthened further and remained the dominant source of volume.

The underlying picture: investor capital is no longer concentrated in isolated spikes. December shows a market where funding is spread across platforms, signalling broader participation and a more stable allocation pattern as 2025 closes.

December 2025 Market Highlights

• Total funding in December 2025: €312,471,093.
• December 2025 was 2% lower than last month.
• December 2025 was 4% higher than the same month last year.
• December's funding distribution across categories revealed:
  • Consumer Debt: €239M (↗ 9%)
  • SME Business Debt: €20M (↗ 15%)
  • Real Estate Debt: €52M (↘ -37%)

December 2025 Milestones

• Rontgen surpassed €250 million invested during December, marking an important step in the platform’s development. The milestone reflects sustained monthly activity rather than reliance on episodic inflows and positions Rontgen among the more established real estate debt platforms operating under the European Crowdfunding Service Provider regime. Its growth trajectory suggests it has become a repeat allocation venue for investors.
• Loanch reached €50 million in total funded loans in December. While still relatively small in absolute terms, the milestone points to steady traction within the loan-reselling segment. Growth has been incremental and consistent, indicating a platform that is gradually building investor trust.

Direct Crowdfunding: December 2025 Funding Amounts

Here is the amount of capital raised on each direct crowdfunding platform over the past month:

Loan Reselling Platforms: December 2025 Funding Amounts

Here is the amount of capital raised on each marketplace reselling loans over the past month:

Total funding amount over the last year (€ million)

Here is the development in capital raised over the past 12 months:

Funding amount by category and license in December 2025

Here is a breakdown of the capital raised on all platforms participating in the monthly funding report of December 2025, categorized by platform and licensing status:

^*The data contained in this report is directly provided by the third-party companies and has not been independently verified by P2PMarketData. This data is submitted either manually via the Platform Portal or through API integration.